We should expect to see home construction activity decrease when interest rates increase
a. True
b. False
Indicate whether the statement is true or false
True
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If the government's expenditures exceeded its receipts, it would likely
a. lend money to a bank or other financial intermediary. b. borrow money from a bank or other financial intermediary. c. buy bonds directly from the public. d. sell bonds directly to the public.
It is not true of profits that they
A. are what remains from the selling price after factors have been paid. B. accrue to entrepreneurs. C. account for a relatively small portion of national income. D. account for about as much national income as wages and salaries.
If a purely competitive firm is producing a level of output greater than its profit-maximizing output, then marginal revenue is greater than marginal cost.
Answer the following statement true (T) or false (F)
If $1 is worth 0.70 euros, then 1 euro is worth:
A. $7.43. B. $0.70. C. $1.43. D. $7.00.